Citi Bank Personal Installment Loan

  • Minimum Salary AED 8,000
  • Flat Rate
  • Reducing Rate 14%
  • Max. Term 4 Years
  • Salary Transfer No
  • Islamic Finance No


Getting a personal loan from Citi is fast, easy, and hassle-free, with no salary transfer required. So now you can focus on what really matters, like the colour of your swim shorts for your dream vacation, or the details in your new house.

Major Advantages:  Fast approvals, No salary transfer required

Points to Consider: High rate of interest


Minimum Salary Requirement: AED 8,000

Reducing Rate (as advertised): Starting from 14% p.a. (The rate is calculated on a reducing basis and varies between 14% to 30% depending on customer income and loan amount)

Flat Rate: 7.80% p.a. (as per 4 years calculation)

Processing Fees: 1% of the finance amount (Min AED 500, Max AED 2,500)

Maximum Finance Amount: AED 175,000 (Up to 8 times of your Salary)

Islamic Finance: No

Maximum Term: 4 Years

Salary Transfer: Not Required

Early Settlement Fees: 1% of the outstanding amount

Insurance: Optional

Salaried/Self Employed: Salaried Only

Documents Required

  • Current dated Salary Certificate (3 months on current job).
  • Last three months bank statements (with salary transfer).
  • Minimum (fixed) monthly salary of only AED 8,000.
  • Passport copy / Emirates ID Copy.
  • Direct Debit Form. 

Additional Info

  • All info mentioned can change at any point of time as per the discretion of the bank. The Bank will determine eligibility. All info above is subject to change.
  • Reducing rate is converted into Flat rate as per 4 years calculation.
  • Terms and conditions apply. 

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Jessica Anderson, Finance Specialist is ready to help you!